08.07.2014 The
housing markets in Sofia and in the beach resorts of
Bulgaria continue to prove that they are stable. This year they are joined by
some of the ski resorts in the country - Borovets and Pamporovo.
This is our brief summary about the Bulgarian property market on the basis of
the data of the Bulgarian Registry Agency with regard to the number of real
estate deals for Q2 of 2014.

According to the Registry Agency, an increase of 1.3% was registered in the
capital Sofia on an annual basis. In Q2 of 2014 the number of deals in the
capital Sofia is 5157, which makes about 85 sales per working day on average.

The housing market in the country is stable and this is also confirmed by the
increased number of new mortgages signed during the period April-June, which
are 7,865 or 5% more than the same period last year.

A growth of 12% in sales was reported in Nessebar, which includes sales of
properties in areas around Sunny Beach. Sunny Beach and the region are
traditionally popular among the Russian buyers and their interest helped this
segment to emerge from the crisis.

There is a significant increase in the deals signed in the spa
resorts like Velingrad and Sandanski.

The ski resorts that attract an interest of Bulgarians are Borovets
and Pamporovo, which saw a growth in sales as well. The sales in Samokov, where
are registered the deals with properties in Borovets, increased by 10%, while
in Smolyan and Chepelare sales rose by 23.6% and 27.5%, respectively.

The decline in sales in Bansko and the region continues - the deals
registered in Razlog decreased by 12% compared to the second quarter of last
year.

In the second half of the year the property market traditionanly becomes more
active. We expect more sales to be concluded in the coming months before the
end of the year which will once again confirm the market is at a new stage of
recovery and steady sales growth.

Polina Stoykova MRICS, Managing Director and Head of
Property Research